§ Mr. Foulkesasked the Minister of Agriculture, Fisheries and Food what are the current levels of production and demand for olive oil in the European Community; if he will estimate the increase in production and demand levels which will occur with the accession of Spain and Portugal; and what is the current amount spent on storage and subsequent disposal or sale of olive oil.
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§ Mr. Jopling1984/85 Community production of olive oil was estimated at 717,000 tonnes*. 1985/86 production is forecast at 800,000 tonnes†. Demand in the European Community in 1984–85 has been estimated at 947,000 tonnes*. Production in Spain and Portugal in 1984–85 was estimated at 769,000 tonnes*, but a much lower production, probably below 500,000 tonnes† is expected in 1985–86. Demand in Spain and Portugal in 1984–85 has been estimated at 463,000 tonnes*. The 1985 Community budget provided for 22 million ecu for intervention costs.
Sources: * Oil World
† Management Committee